Truist Securities Maintains Buy Rating for Wayfair: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Truist Securities maintains its Buy rating for Wayfair (NYSE:W) and raises its price target from $52.00 to $53.00. Wayfair's shares are currently trading at $34.88, down 0.51% over the last 24 hours.
May 25, 2023 | 5:02 pm
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Truist Securities maintains Buy rating for Wayfair and raises price target to $53.00, a 51.95% increase from the current share price of $34.88.
Truist Securities' decision to maintain a Buy rating and raise the price target for Wayfair indicates a positive outlook for the company's stock. This news is likely to have a positive impact on Wayfair's stock price in the short term, as it suggests that the analyst believes the company's shares are undervalued and have potential for growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100